Thomas Barrack, CEO of commercial real estate firm Colony Capital, has a few suggestions on how to help both homeowners and real-estate companies get through the economic slowdown caused by coronavirus.
It is becoming increasingly obvious that traditional fiscal policies from central banks just aren't adding up to be enough to stop the economy from moving rapidly from a raging bull market into a roaring…
As the Federal Reserve has lowered rates and is expected to do so again, one has to wonder if Morgan Stanley will reconsider its acquisition of E*Trade.
Robinhood, the next generation trading product, suffered a collapse for the second time. If traders want anything, it is for their system to be up and running when they have to trade.
Plunging oil prices are putting pressure on financial sector stocks Monday. Investors are also keeping an eye on U.S. Treasuries. Financial firms' interest income could be hammered hard by the combination.
H&R Block stock tumbled early Friday after the release of disappointing fiscal third-quarter earnings late on Thursday.
It is generally believed that for the stock market to rise there has to be some participation by the financial sector. After all, if the value of the whole market has risen, it should…
Morgan Stanley announced Thursday that it has agreed to acquire E*Trade in an all-stock transaction valued at $13 billion.
Ally Financial has agreed to acquire non-prime credit card issuer and payment services company CardWorks for $2.65 billion in cash and stock. Ally's stock tanked on the news.
Investment management firm Franklin Resources has agreed to acquire Legg Mason for $4.5 billion in cash and the assumption of $2 billion in debt. Consolidation continues as passive investing makes it harder to prosper…
After its announced rough fourth-quarter earnings, huge bank HSBC told media that it will cut as many as 35,000 jobs. The bank’s pretax profit fell 33% to $13.4 billion, well below analyst forecasts. It…
Credit card giant Visa met analysts' consensus estimate for earnings and revenues but investors reacted more to a change in full-year guidance caused by the Plaid acquisition.
Visa is set to report its fiscal first-quarter financial results after the markets close on Thursday. Analysts overall anticipate strong year-over-year growth, after a recent fintech acquisition.
The hundreds of people JPMorgan will fire is a very modest number. But at some point, bank branches will look like chain drug stores and large retailers, where transactions do not require humans.
Innovative Industrial Properties shares dropped to end the week after the company priced its secondary offering at a discount to its current price level.
